Federal Reserve – US Labor Market Unstable – Economy

After the surprisingly weak recovery in the US labor market, a US central banker sees no reason to be exaggerated. “It’s too early to say he’s going to be stalled,” said San Francisco Federal Reserve President Mary Daly, the CBS broadcaster. “But of course we see how the pain of Covid and the pain of the Delta variant are affecting the job market.” You therefore expect an ups and downs in the labor market. The recovery in the US labor market is stalling and does not offer the Fed any guidance on how to turn away from crisis mode. The government announced on Friday that only 194,000 new jobs were created outside of agriculture. Economists polled by Reuters had reckoned with 500,000. A sustained recovery on the job market is a prerequisite for the Fed to lower its massive economic stimulus.